A novel approach to construct grey principal component analysis evaluation model

Expert Systems with Applications

Volumn 36, Issue 3 PART 2, 2009, Pages 5916-5920

  Tung, Che Tsung ^a   Lee, Yu Je ^a  

^a TAKMING UNIVERSITY OF SCIENCE AND TECHNOLOGY   (Taiwan)

Author keywords

Financial performance; Grey principal component analysis; MCDM

Indexed keywords

COMPUTATION THEORY; DECISION MAKING;

COMPUTATIONAL FRAMEWORK; CORRELATION MATRIX; DEGREE OF INCIDENCE; EVALUATION MODELING; FINANCIAL PERFORMANCE; GREY THEORY; MCDM; MULTI-CRITERIA DECISION MAKING;

PRINCIPAL COMPONENT ANALYSIS;

EID: 58349091038     PISSN: 09574174     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eswa.2008.07.007     Document Type: Article

References (29)

1. Altman E.I. Financial ratio discriminating analysis and the prediction of corporate bankruptcy. Journal of Finance 23 (1968) 589-609
2. Altman E.I., and Loris B. A financial early warning system for over-the-counter broker-dealers. Journal of Finance 31 (1976) 1201-1217
3. Beaver W.H. Financial ratios as predictors of failure. Journal of Finance 21 (1966) 71-111
4. Betts J., and Belhoul D. The effectiveness of incorporating stability measure in company failure models. Journal of Business Finance & Accounting 14 3 (1987) 323-324
5. Canbas S., Cabuk A., and Kilic S.B. Prediction of commercial bank failure via multivariate statistical analysis of financial structure: the Turkish case. European Journal of Operational Research 166 (2005) 528-546
6. Feng C.M., and Wang R.T. Performance evaluation for airlines including the consideration of financial ratios. Air Transport Management 6 (2000) 133-142
7. Fielding G.J., Glauthire R.E., and Lave C.A. Performance indicators for transit management. Transportation 70 4 (1978) 365-379
8. Foster G. Financial statement analysis (1992), McGraw-Hill, New York
9. Jahanshahloo G.R., Vieira J.H., Lotfi F.H., and Akbarian D. A new DEA ranking system based on changing the reference set. European Journal of Operational Research 181 (2007) 331-337
10. Johnson R.A., and Wichern D.W. Applied multivariate statistical analysis (1982), Prentice Halls, New Jercy
11. Ko P.C., and Lin P.C. An evolution-based approach with modularized evaluations to forecast financial distress. Knowledge-Based Systems 19 1 (2006) 84-91
12. Kung L.M., and Yu S.W. Prediction of index futures returns and the analysis of financial spillovers-a comparison between GARCH and the grey theorem. European Journal of Operational Research (2007) 10.1016/ j.ejor.2007.02.046
13. Lee A.H.I., Chen W.C., and Chang C.J. A fuzzy AHP and BSC approach for evaluating performance of IT department in the manufacturing industry in Taiwan. Expert Systems with Applications 34 (2008) 96-107
14. Lee Y.J., and Tung C.T. Applying grey clustering to predict financial distress: empirical evidence from the list steel companies on the Taiwanese security market. The Journal of Grey System 19 1 (2007) 49-56
15. Lee T.S., and Yeh Y.H. Corporate governance and financial distress: evidence from Taiwan. Journal of Corporate Governance 12 3 (2004) 378-388
16. Lev B., and Thiagarajan R. Fundamental information analysis. Journal of Accounting Research 31 (1993) 190-215
17. Lin C.T., and Hsu P.F. Selection of internet advertising networks using an analytic hierarchy process and grey relational analysis. Information and Management Sciences 14 2 (2003) 1-16
18. Liou J.J.H., and Tzeng G.H. A non-additive model for evaluating airline service quality. Air Transport Management 13 (2007) 131-138
19. Liu S.F., Fang Z.G., and Lin Y. Study on a new definition of degree of grey Incidence. Journal of Grey System 9 2 (2006) 112-115
20. Liu S.F., and Lin Y. Grey information (2005), Springer, London
21. Meinster D.R., and Elyas E. The performance of foreign-owned, minority-owned and holding company-owned banks in the US. Journal of Banking and Finance 12 (1988) 193-313
22. Selamat A., and Omatu S. Web page feature selection and classification using neural network. Information Science 158 (2004) 69-88
23. Taiwan Economic Journal. (2007). .
24. Wang Y.-J. Applying grey relation analysis to find the representative indicators of financial ratios for evaluating financial performance of container shipping companies on Taiwan. Maritime Quarterly 15 1 (2006) 1-17 (in Chinese)
25. Wang Y.-J. Applying FMCDM to evaluate financial performance. Expert Systems with Applications 34 (2008) 1837-1845
26. Wang R.T., Ho C.T., Feng C.M., and Yang Y.K. A comparative analysis of operational performance of Taiwan's major airports. Air Transport Management 10 (2004) 353-360
27. Wang R.T., Lin W.K., and Chu Y.L. Applying grey relation analysis to the selection of representative operational and financial performance indicators for container shipping industry. Maritime Quarterly 14 1 (2005) 63-85 (in Chinese)
28. West R.C. A factor-analytic approach to bank condition. Journal of Banking and Finance 9 (1985) 253-266
29. Zhu J. Data envelopment analysis vs. principal component analysis: An illustrative study of economics performance of Chinese cities. European Journal of Operational Research 111 (1998) 50-61